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... the industry. The major auction houses called monopoly auctions "vicious" auctions. If one started to develop, the auctioneer had the right to call off the auction.


A monopoly auction was when a group of people who knew each other, and were possibly allied, participated in an auction. When the auction started and one person placed a bid, the others would not bid.


For the auction houses, the auctioneers, and the storage companies, the profit margin was greatest when everyo ...

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